THE city is expected to receive an economic boost of '£214 million' say those behind the superfast broadband rollout, based on a new report.

According to CityFibre, the economic impacts include £131 million in increased productivity, £29 million from a widened workforce, and £533,000 in council savings.

A new report commissioned by CityFibre, the UK’s largest independent full-fibre platform, has found that Worcester will reap major economic benefits from the rollout of a faster and more reliable full-fibre network.

The study by the consultancy Hatch, (Economic Impact of Full Fibre Infrastructure from CityFibre’s Network), estimates that, over a 15-year period, the positive impacts of CityFibre’s £21 million investment in Worcester will also result in an increase of £83 million in housing value.

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Technological benefits are also a major focus of the report, which 'demonstrates that CityFibre’s network in Worcester will help unlock £311m in growth value from 5G services, £87m from the Internet of Things and £55m from Smart City initiatives, like intelligent traffic management systems and street lighting'.

Neal Wright, Area Manager for Worcester at CityFibre, said: “Full-fibre encourages growth while simultaneously providing the platform needed for innovation and investment.

The benefits are far-reaching, as indicated within this report, which lays bare the huge economic impact that this infrastructure will bring.

“We’re proud of the investment we’re making in Worcester, and the success of the roll-out so far. People are already starting to benefit from next-generation connectivity, and we can’t wait to see the positive impact it will have in the future.”